In a recent legislative decision, the state of Illinois has chosen to extend the prohibition on betting on in-state college sports via online platforms. This move comes as part of a broader legislative initiative and maintains certain restrictions on sports wagering, particularly concerning local college teams. This report delves into the details of the extension, providing insights into the rationale and implications.
Extension of Online Betting Ban:
Illinois lawmakers have opted to prolong the current restrictions on sports betting, specifically targeting in-state college sports, for an additional year. These rules pertain to bets made online, rather than at physical sportsbook locations. Initially set to expire on July 1, the Senate voted unanimously, 54-0, to extend the ban until July 1, 2024.
Inclusion in Environmental Legislation:
The extension of the ban on online in-state college betting was part of a larger bill, Senate Bill 84, which primarily focused on amending environmental laws. This legislative maneuver demonstrates the multi-faceted nature of governing sports wagering in the state. Governor JB Pritzker has a 60-day window to consider whether to veto the bill or allow it to become law.
Current Status of In-State College Betting:
As per the extension, in-state college sports betting will still be permitted but solely at the state’s nine land-based sportsbooks. The wagers allowed are classified as “Tier 1,” encompassing bets on the game spread, moneyline, or total. While this allows for a degree of in-state college sports wagering, it maintains specific limitations, primarily in the online sphere.
Wagering Statistics in Illinois:
Recent statistics underline the significance of college sports betting in Illinois. In 2022, Illinois bettors placed wagers amounting to $1.4 billion on college sports. These figures highlight the popularity and economic impact of sports wagering in the state, indicating the relevance of decisions regarding in-state college sports betting.
The decision by the Illinois Legislature to extend the ban on online betting for in-state college sports showcases the state’s ongoing efforts to balance sports wagering regulations. By including this extension in environmental legislation, policymakers have demonstrated the multifaceted nature of governing sports betting. While in-state college betting remains possible at physical sportsbooks, it’s vital for bettors and stakeholders to be aware of these restrictions to ensure compliance with state laws.